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Fortune
Fortune
Ignacio Galán

Macroeconomic uncertainties will not halt progress on the energy transition in 2024 and beyond. Here’s why

(Credit: Dan Kitwood - Getty Images)

COP28 will be remembered as the summit that snatched a remarkable victory from the jaws of defeat. For the first time, the world has new agreed language on transitioning away from all fossil fuels, and more than 110 countries have agreed to triple renewable energy capacity by 2030.

The new commitments brokered by its president, Dr. Sultan al Jaber, were made possible by months of intense preparation and climate change diplomacy in the run-up to the summit, and constitute a pivotal moment in the fight against the climate crisis.

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